REFLECTOR: Insurance
jeff findarle
flynfindarle at yahoo.com
Thu Aug 15 16:42:05 CDT 2013
Geoff are they giving you liability insurance while in flight to cover any passengers or just who you hit? Avemco quoted me $1260/yr for liability only and no Inflight coverage for liability. NO HULL INSURANCE.
TEAM JEFF,
Jeff Findarle, GRI & Darin Heckel
Realtor Realtor
AllStar Realty
575 N main St.
Heber City, UT. 84032
Jeff's Cell 435-503-0514
Darin's Cell 435-671-3957
Off. 435-654-9440
Fax 435-654-9437
Distressed Property Experts, Short Sales a Specialty!
Don't Lose it, Sell it!
>________________________________
> From: Geoff Gerhardt <geoff.gerhardt at gmail.com>
>To: Velocity Aircraft Owners and Builders list <reflector at tvbf.org>
>Sent: Thursday, August 15, 2013 9:10 AM
>Subject: Re: REFLECTOR: Insurance
>
>
>
>Just as another data point, Avemco just renewed coverage for my 173RG. I'm a low-time pilot (~220hrs, 120 in RG/Velo). Liability only, ~$850/yr. I think getting hull coverage is the tough part - I've never been interested in that, tho. If it breaks, I'll fix it. If its so broke I can't fix it, I probably won't be around to worry about it. I'm in a position that the loss of the capital wouldn't bother me too much, so liability is my only real concern.
>
>
>Geoff
>
>
>On Thu, Aug 15, 2013 at 10:36 AM, Mark Magee <edjonesbrady at gmail.com> wrote:
>
>I believe what is happening is the carriers are a) shying away from Experimentals b) especially retracts c) especially low time pilots and d) let's not even talk about a low-time pilot in a retractable experimental.....
>>I called my pilot friend who owns a large insurance agency who worked for many years with Avemco in FL, he said the carriers (there are only about 7 or 8 companies who write ins on GA aircraft) just flat won't take the risk until a pilot has some significant time in his or her log book. And that repairs to Experimentals can easily cost twice as much as a certificated aircraft: repairing a Chevy from a accident vs a DeLorean, where parts have to be custom made.
>>If you have shopped insurance with an independent agent, you have likely already been reviewed by all the carriers. Notice Vans and Cirrus don't offer retractable gear. That was a tactical move to get more low-time folks with money qualified to own their offerings.
>>I believe this is a serious challenge, and that a creative work-around is needed: such as a high deductible policy or other solution. Otherwise this issue could seriously hamper the low-timer starting out in a V, retract or not.
>>EAA and the Factory may need to try and cut some deals toward a high deductible policy availability.
>>
>>Mark B. Magee
>>N34XL XLFG
>>Sent from my iPad
>>
>>
>>
>>On Aug 15, 2013, at 8:59 AM, "David Ullman" <ullman at robustdecisions.com> wrote:
>>
>>
>>Received a terse note in the mail yesterday titled "Notice of Nonrenewal of
>>>Insurance". I have my SEFG insurance with Britt/Paulk (through EAA) and it
>>>appears that " The reason for nonrenewal is carrier exiting program". I
>>>assume that means the B/P is getting out of insuring airplanes, Velocitiies
>>>or????
>>>
>>>I have fixed gear and 100 hours, so we will see what EAA tells me. I have
>>>until Oct 1st to find new insurance. I will try some of the other agents
>>>suggested here.
>>>
>>>
>>>David Ullman
>>>N444DX
>>>President EAA 292
>>>541-760-2338
>>>david at davidullman.com
>>>
>>>
>>>
>>>
>>>_______________________________________________
>>>To change your email address, visit http://www.tvbf.org/mailman/listinfo/reflector
>>>
>>>Visit the gallery! www.tvbf.org/gallery
>>>user:pw = tvbf:jamaicangoose
>>>Check new archives: www.tvbf.org/pipermail
>>>Check old archives: http://www.tvbf.org/archives/velocity/maillist.html
>>>
>>_______________________________________________
>>To change your email address, visit http://www.tvbf.org/mailman/listinfo/reflector
>>
>>Visit the gallery! www.tvbf.org/gallery
>>user:pw = tvbf:jamaicangoose
>>Check new archives: www.tvbf.org/pipermail
>>Check old archives: http://www.tvbf.org/archives/velocity/maillist.html
>>
>
>_______________________________________________
>To change your email address, visit http://www.tvbf.org/mailman/listinfo/reflector
>
>Visit the gallery! www.tvbf.org/gallery
>user:pw = tvbf:jamaicangoose
>Check new archives: www.tvbf.org/pipermail
>Check old archives: http://www.tvbf.org/archives/velocity/maillist.html
>
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://www.tvbf.org/mailman/private/reflector/attachments/20130815/382d5354/attachment-0001.html>
More information about the Reflector
mailing list